NOT LISTED FOR SALE

600 9th Ave San Mateo, CA 94402

Hayward Park Neighborhood

Estimated Value: $2,369,000 - $3,411,851

6 Beds
6 Baths
4,110 Sq Ft
$663/Sq Ft Est. Value

Last Sold December 13, 2021

Last sale price $2,500,000 $608 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $16,843/month

54 Days on Market

Highlights

  • 4 Car Attached Garage
  • Borel Middle School Rated A-
  • Forced Air Heating System

About This Home

As of December 2021

Phenomenal location just blocks to Central Park and the heart of downtown San Mateo (WalkScore of 94!) New: kitchens, bathrooms, floors, doors, fences, etc. Incredibly large townhouse style units that feature 3 bedrooms, 2.5 bathrooms, private 2 car garages with washer/dryer hookups, fireplaces, large fenced yards on an oversized 9,372 square foot lot. Each unit feels like a large single family home. Individual private entries, driveways and garages. Gorgeous units that have been completely renovated with permits (electrical, plumbing, windows, roof, gutters, recessed lighting, etc.). All new low maintenance landscaping highlighted by extensive use of beautiful pavers in both the front and back yards. The property is set off by one of the most iconic heritage oak trees in all of San Mateo. Each unit currently rented at $5,045 per month. Unlimited possibilities: investment, live/rent, family compound. Possibility to add multiple ADUs to existing garages and yards (Buyer to verify).

Last Agent to Sell the Property

Steve Zirelli

Cornish & Carey Commercial License #01929245 Listed on: 10/19/2021

Last Buyer's Agent

Milana Ostroy

The Edition License #01398893

The Edition

Property Details

Home Type

  • Multi-Family

Year Built

  • 1975

Lot Details

  • 9,374

Parking

  • 4 Car Attached Garage

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,110 Sq Ft Home
  • 2-Story Property

Additional Features

  • 9,374 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $121,080

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $2,400
  • Insurance Expense $1,934
  • Maintenance Expense $2,000
  • Operating Expense $38,455
  • Gross Income $115,026

Property Details

Home Type

Multi-Family

Year Built

1975

Lot Details

9,374 Sq Ft Lot

Parking

4

Listing Details

  • Zoning: R20000
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4110
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1975

Interior Features

  • Living Sq Ft: 4110
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.2152
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9372.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9372.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 21.05
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1934
  • Expense Landscape: 2400
  • Expense Maintenance: 2000
  • Expenses Total: 38455
  • Income Annual Gross: 115026.00
  • Income Annual Rental: 121080
  • Income Gross Scheduled: 121080
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Gardener
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water
  • Vacancy Factor: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2021
Closed on
Dec 2, 2021
Sold by
600 9Th Avenue Llc
Bought by
Diamond J Ventures Llc
Seller's Agent
Steve Zirelli
Cornish & Carey Commercial
Buyer's Agent
Milana Ostroy
The Edition
List Price
$2,549,000
Sold Price
$2,500,000
Premium/Discount to List
-$49,000
-1.92%
Current Estimated Value
$2,722,963

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$222,963
Avg. Annual Appreciation
2.03%

Purchase Details

Closed on
Jun 3, 2019
Sold by
Mos James Lawrence Mosunich and Mos Neda Marie
Bought by
600 9Th Avenue Llc

Purchase Details

Closed on
Apr 28, 2005
Sold by
Mosunich James L and Mosunich Neda M
Bought by
Mosunich James L and Mosunich Neda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 3, 2003
Sold by
Mosunich James L and Mosunich Neda M
Bought by
Mosunich James L and Mosunich Neda M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Diamond J Ventures Llc $2,500,000 First American Title Company
600 9Th Avenue Llc $1,850,000 First American Title Company
Mosunich James L -- Fidelity National Title
Mosunich James L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mosunich James L $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/13/2021 12/13/21 Sold $2,500,000 -1.9% $608 / Sq Ft
10/19/2021 10/19/21 For Sale $2,549,000 -- $620 / Sq Ft
Source: MLSListings

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $32,096 $2,653,019 $1,368,958 $1,284,061
2023 $32,096 $2,550,000 $1,315,800 $1,234,200
2022 $31,599 $2,500,000 $1,290,000 $1,210,000
2021 $24,768 $1,906,548 $1,133,623 $772,925
2020 $26,346 $1,887,000 $1,122,000 $765,000
2019 $5,404 $264,026 $28,972 $235,054
2018 $4,866 $258,850 $28,404 $230,446
2017 $4,530 $253,776 $27,848 $225,928
2016 $4,132 $248,801 $27,302 $221,499
2015 $4,109 $245,064 $26,892 $218,172
2014 $3,981 $240,265 $26,366 $213,899
Source: Public Records

Agents Affiliated with this Home

  • Steve Zirelli

    Seller's Agent in 2021

    Steve Zirelli

    Cornish & Carey Commercial

    (650) 688-8508

    2 in this area

    40 Total Sales

    Steve Zirelli
    Section Image
  • Milana Ostroy

    Buyer's Agent in 2021

    Milana Ostroy

    The Edition

    (650) 222-0706

    1 in this area

    6 Total Sales

    Milana Ostroy
    Section Image
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Map

Source: MLSListings

MLS Number: ML81867327

MLSListings

APN: 033-313-010

California San Mateo County San Mateo 94402 Hayward Park

600 9th Ave, San Mateo, CA

Not Listed for Sale

MultiFamily

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